BTC has been consolidating in a triangle after losing the weekly trendline last week.
I think in the next days, BTC/USD pair will revisit $26000.
If we trace a Trendbased Fibonacci extension (using three anchor points $69000 - $33000 - $48000), BTC has lost the Fib 0.5 (at $30118) on 11th May. Now it is revisiting this level (see the snapshot below).
However, buy pressure is quite limited this week and I think at the beginning of next week the situation will not be improved. In short & mid term, LUNA/UST still has negative impact on crypto market, alongside many other bad economical/geopolitcal instabilities.
I think in the next days, BTC/USD pair will revisit $26000.
If we trace a Trendbased Fibonacci extension (using three anchor points $69000 - $33000 - $48000), BTC has lost the Fib 0.5 (at $30118) on 11th May. Now it is revisiting this level (see the snapshot below).
However, buy pressure is quite limited this week and I think at the beginning of next week the situation will not be improved. In short & mid term, LUNA/UST still has negative impact on crypto market, alongside many other bad economical/geopolitcal instabilities.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.